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New Reports Tracking Ethics

    2009 Global Integrity Report Provides In-Depth Analysis of Latest Trends in Anti-Corruption.

    Key Issues raised on rerformance for many Countries, including the United States. Impact of Foreign Aid on curbing corruption is questioned..see International Surveys.

     

    Report to World Trade Organization highlights major worker abuse in El Salvador' - International Trade Union Confederation reports "many of the 67,000 mostly women workers employed in the country’s 15 export processing zones suffer from appalling treatment." See Surveys & Trends

    Institute of Directors of South Africa Develops Web-Based Corporate Governance Assessment Approaches...see Boardroom

    "Murky Waters"
    CERES report finds key faults at major global corporations – they fall short in managing, disclosing Water Scarcity Risks

    UK Beverage Firm, Swiss Mining Co., Arizona utility post highest scores among 100 companies in benchmarking study    ...see CSR Surveys     & Trends.

    BOARD of CalPERS TOUGHENS ETHICS GUIDELINES - CalPERS is the largest public pension fund in the United States with about $200 billion in market assets. It provides retirement benefits to more than 1.6 million State, school and local public employees, retirees and their families, and health benefits for nearly 1.3 million members in California. The Board’s Code of Ethics as well as conflict-of-interest rules is being incorporated into the Governance Principles, creating a single document....see Boardroom Reform

    $$$ MONEY LAUNDERING - Financial Action Task Force Highlights Coiuntries With Serious Coimpliance Issues - including:

    Iran, North Korea, Pakistan, Ecuador, Angola, Ethiopia, Turkmenistan, São Tomé and Príncipe.Antigua and Barbuda, Azerbaijan, Bolivia, Greece, Indonesia, Kenya, Morocco, Myanmar, Nepal, Nigeria, Paraguay, Qatar, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Thailand, Turkey, Ukraine, Yemen ...see Money Laundering

    upcoming fraud and corruption conference

    conference information marcus evans contact David Drey

    The organizers note: - "Attending this event will promote benchmarking and networking across industries with other professionals in this field, and will help you to keep up on the emerging issues as well as scams that are out there. Attendees will learn the perspective of these agencies and will stay up-to-date on the current issues in fraud management." (also see News from NGOs)

    NEW BOOK "The Deadly Ideas of Neoliberalism: How the IMF has Undermined Public Health and the Fight Against AIDS," by Rick Rowden, published by Zed Books
    The book explains not only how IMF policies of restrictive spending have exacerbated public health problems in developing countries, in particular the HIV/AIDS crisis, but also how such issues cannot be resolved under these economic policies. Rowden is an international economic development analyst.

     

 

Today's Ethics News and Views

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    Corporate Governance as Warren Buffet Sees It

    From the February 27, 2010 Letter to Shareholders of Berkshire Hathaway by Chairman and CEO Warren Buffet:
     
    In my view a board of directors of a huge financial institution is derelict if it does not insist that its CEO bear full responsibility for risk control. If he’s incapable of handling that job, he should look for other employment. And if he fails at it – with the government thereupon required to step in with funds or guarantees – the financial consequences for him and his board should be severe.

    It has not been shareholders who have botched the operations of some of our country’s largest financial institutions. Yet they have borne the burden, with 90% or more of the value of their holdings wiped out in most cases of failure. Collectively, they have lost more than $500 billion in just the four largest financial fiascos of the last two years. To say these owners have been “bailed-out” is to make a mockery of the term.

    The CEOs and directors of the failed companies, however, have largely gone unscathed. Their fortunes may have been diminished by the disasters they oversaw, but they still live in grand style. It is the behavior of these CEOs and directors that needs to be changed: If their institutions and the country are harmed by their recklessness, they should pay a heavy price – one not reimbursable by the companies they’ve damaged nor by insurance. CEOs and, in many cases, directors have long benefitted from oversized financial carrots; some meaningful sticks now need to be part of their employment picture as well.

    =================
    The recall     TOYOTA Mr. Toyoda explains to US Congress, February 24, 2010...

    I am Akio Toyoda of Toyota Motor Corporation. I would first like to state that I love cars as much as anyone, and I love Toyota as much as anyone. I take the utmost pleasure in offering vehicles that our customers love, and I know that Toyota’s 200,000 team members, dealers, and suppliers across America feel the same way. However, in the past few months, our customers have started to feel uncertain about the safety of Toyota’s vehicles, and I take full responsibility for that.

    ...My name is on every car. You have my personal commitment that Toyota will work vigorously and unceasingly to restore the trust of our customers. See full company statement.

    ===============================
    Corruption in municipal governments is extensive and in a new study scholars in Chicago take an in-depth look at their city and its suburban history of graft - a record of 170 convictions - COOK COUNTY’S "HALL OF SHAME" A CATALOG OF CORRUPTION

    By: Thomas J. Gradel, Dick Simpson and Tom Kelly, with Andris Zimelis, Kenneth Chow, Alexandra Kathryn Curatolo, Emily Gillot, David Michelberger, Marrell Stewart of the University of Illinois at Chicago, Department of Political Science and the Better Government Association

    ...story continued at NEWS.

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